Bill Text: MI HB5910 | 2009-2010 | 95th Legislature | Introduced
Bill Title: Income tax; credit; incentives for contributions to local school districts; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.532) by adding sec. 278.
Spectrum: Partisan Bill (Democrat 20-0)
Status: (Introduced - Dead) 2010-03-03 - Printed Bill Filed 03/03/2010 [HB5910 Detail]
Download: Michigan-2009-HB5910-Introduced.html
HOUSE BILL No. 5910
March 2, 2010, Introduced by Reps. Bettie Scott, Huckleberry, Durhal, Cushingberry, Liss, Young, Geiss, Smith, Terry Brown, Polidori, Espinoza, Valentine, Leland, Gregory, Nathan, Miller, Slavens, Constan, Dean and Womack and referred to the Committee on Tax Policy.
A bill to amend 1967 PA 281, entitled
"Income tax act of 1967,"
(MCL 206.1 to 206.532) by adding section 278.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 278. (1) For tax years that begin after December 31, 2009
and before January 1, 2015 and subject to the applicable
limitations in this section, a taxpayer may claim a credit against
the tax imposed by this act equal to 50% of the amount the taxpayer
contributes during the tax year to a local school district to
support and provide assistance for core academic curriculum
activities within that district. Contributions to a local school
district for extracurricular activities are not eligible for the
credit under this section, and contributions made pursuant to this
section shall not be expended by the recipient district to cover
personnel compensation or benefits.
(2) For a taxpayer other than a resident estate or trust, the
amount allowable as a credit under this section for a tax year
shall not exceed $1,500.00, or for a husband and wife filing a
joint return as provided in section 311, $3,000.00. For a resident
estate or trust, the amount allowable as a credit under this
section for a tax year shall not exceed 10% of the taxpayer's tax
liability for the tax year before claiming any credits allowed by
this act or $5,000.00, whichever is less.
(3) The credit allowed under this section is nonrefundable. If
the amount of the credit allowed under this section exceeds the tax
liability of the taxpayer for the tax year, that portion of the
credit that exceeds the tax liability of the taxpayer shall not be
refunded and shall not reduce the taxpayer's tax liability to less
than zero.
(4) By February 28 of each calendar year, each local school
district that received contributions pursuant to this section
during the immediately preceding calendar year shall report to the
department, on a form prescribed by the department, the following
information:
(a) The total number of contributions received during the
immediately preceding calendar year.
(b) The total dollar amount of contributions received during
the immediately preceding calendar year.
(c) A detailed account of the amount of contributions spent by
the district during the immediately preceding calendar year.
(5) As used in this section:
(a) "Core academic curriculum activities" means any books,
supplies, or other materials necessary for or related to the
recommended academic learning objectives in math, science, reading,
history, geography, economics, American government, and writing for
all children at each stage of schooling and based upon the
"Michigan K-12 program standards of quality" to ensure that high
academic standards, academic skills, and academic subject matters
are built into the instructional goals of all school districts for
all children.
(b) "Extracurricular activities" means any other activities
outside the recommended core academic curriculum, including, but
not limited to, those activities that require students to pay a fee
in order to participate.
(c) "Local school district" means that term as defined in the
revised school code, 1976 PA 451, MCL 380.1 to 380.1852.
